COVID-19FinancialRegulatory

Coronavirus Layoffs: Lyft, Boeing Latest To Cut Workers Amid Pandemic

April 29, 2020 / Lisette Voytko, Forbes Staff

Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off workers.

Here’s who’s axed staff so far:

Airlines & Transportation

  • Air Canada will lay off 5,100 members of its cabin crew, about half of its current roster, as its planned flights for April have been cut by nearly 80%.
  • Air New Zealand will let 3,500 workers go, equaling about one-third of its workforce.
  • Avis Car Rental Boston’s Logan International Airport reportedly laid off an undisclosed number of workers.
  • Boeing will eliminate 10% of its workforce, reportedly through voluntary layoffs, natural turnover and involuntary layoffs.
  • Enterprise Holdings, the parent company of car renters Enterprise, National and Alamo laid off 743 workers in North Carolina.
  • Flight Centre, Australia’s largest travel agent, is laying off and putting on leave a third of its 20,000 employees.
  • Helloworld Travel, an Australian travel agent, let 275 employees go.
  • Car rental company Hertz plans to lay off 10,000 workers from its North American business.
  • Ridesharing company Lyft let 982 workers go, an elimination of 17% of its workforce; an additional 288 were furloughed.
  • Norwegian Air said that it would temporarily lay off up to 50% of its workforce, meaning 7,300 workers, and suspend 4,000 flights due to the pandemic.
  • Scandinavian Airlines said Sunday it will temporarily lay off 10,000 employees, equal to 90% of their staff.
  • Stena Line, a European ferry operator, announced that 950 jobs would be cut in Sweden due to a sharp decline in travel bookings.
  • Canadian airline and travel company Transat AT let go of 3,600 workers, or about 70% of its workforce.
  • TripAdvisor eliminated 600 roles in the U.S. and Canada, and 300 more in other countries, as part of a 25% workforce reduction; an undisclosed number were furloughed.
  • ZipCar, a car rental company, laid off 20% of its 500 workers.

READ THE REST HERE

Print Friendly, PDF & Email
Tags

Mike Adams

Mike Adams is a medical device sales leader with extensive clinical experience in spine and biologics and a nationwide distribution network built over the last 10+ years in the industry. He has held various leadership positions in healthcare and device including Distributor Partner, Hospital COO and Spine VP of Sales. He currently leads the commercialization strategy for OrthoSpine Partners and is a Distributor Principal at Novel Medical. Because of his unique career path, Mike has the ability to see the healthcare business from multiple perspectives making him passionate about building strategic partnerships that help reduce overall costs, drive innovation, and cultivate growth for new markets.

Related Articles

Back to top button
Close